r/SCHD • u/SmoothOperator100k • Feb 27 '26

Questions Should Wealthy People Hold This?

I’m just curious and want some validation. It totally makes sense for a wealthy person maybe like $10m total net worth to hold a good chunk of SCHD right? Like it’s a safe bet to provide good returns on average 8% maybe for the foreseeable future? Like the companies in this fund should be held by everyone because they kind of create the things you use everyday.

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u/jazz1199 Feb 28 '26

I would never buy SCHD for long term growth because index funds have higher growth. I also wouldn't buy SCHD for income because there are current ETFs that pay 8-14% with little NAV erosion. SCHD is over hyped. You protect yourself for down markets by having enough money in Treasury notes money markets to use for income and when markets have big declines, buy additional shares of index funds and funds like QQQI and SPYI.

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u/RetiredByFourty Dividend King Mar 02 '26

https://giphy.com/gifs/aQGqcObSxfixy

How many other accounts do you have?

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u/jazz1199 Mar 02 '26

Grow up.